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How to Prepare for a Future as an Entrepreneur in College
March 30, 2018
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How to Prepare for a Future as an Entrepreneur in College

Do you dream of becoming a successful entrepreneur, but still need to finish your college degree? It isn’t too early to start thinking about your career as a small business owner!

Aside from your courses, there are other ways that college can prepare you to open your own business. From clubs to networking, you should try to take advantage of the opportunities that are available to you while attending college.

In this blog post, we’ll list five ways that you can use your college experience to become a flourishing entrepreneur.

1. Choose a Helpful Major

If you want to eventually open a small business, you should choose a major that will benefit you in the future. Most likely, declaring a business, entrepreneurship, finance, or marketing major will provide you with insights that will serve you when you start a small business. To decide on a major, consider meeting with business owners to ask them about what courses they wish they had taken in college, or if their major helped them later in their careers.

The classes you take now could help you later when you become an entrepreneur!

2. Join Entrepreneur Clubs

Becoming a member of business or entrepreneurial clubs can provide you with numerous benefits. For instance, if you join a young entrepreneurs club, you could enter pitch competitions, in which you practice pitching a potential business idea. You could also attend events where you hear presentations from local business owners. Aside from those opportunities, you’ll be able to exchange ideas with other members, which will help you learn from other talented future entrepreneurs.

The offerings will largely depend on your university’s club options, but most likely if it is a business-related organization you’ll benefit from becoming a member.

3. Network with Alumni

While attending college, you’ll have access to a large network of former students. Most universities have programs in which you can connect with successful alumni for career advice. Through career services, find out if there are any graduates who have started their own businesses. They could provide you with guidance when you start your business, and could even act as your mentor.

4. Get an Internship

Although earning good grades is crucial during your college years, some say that it is equally as important to secure internships. In fact, 81 percent of graduates say that having an internship allowed them to determine their career path.

Having an internship can help you to learn about what your strengths and weaknesses are. They can also help you decide which industries that you’re most interested in. Before you graduate, try to complete at least two internships, so that you’ll have some professional experience prior to graduation.

5. Start Brainstorming Business Ideas

It’s never too early to consider the type of business you want to start. During your college career, consider what your interests are, and write down any potential business ideas that you have. You might be surprised at how your ideas change over time, but you could also come up with a plan that you’re able to bring to fruition after graduation.

Next Steps

If you haven’t started a business yet, use your college years as a time to prepare. By following the tips listed in this post, you’ll be ready to open your own business once you get your degree!

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].
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